consecutive rate

While the Reserve Bank of Australia handed down a 10th consecutive rate rise on Tuesday, the extent of the interest rate carnage will depend on one key figure: Australia’s inflation rate. In 49 days, when January’s Consumer Price Index…

A 60 minutes reporter interviewing Treasurer Jim Chalmers has dropped the f-bomb to describe the prospect of a return to 1990s interest rates.Reporter Tom Steinfort stunned the Treasurer during Sunday night’s program when he used the swear…

Philip Lowe is set to face a grilling today amid growing calls for the embattled Reserve Bank boss to step down.Dr Lowe is scheduled to testify before a Senate Estimates hearing at 11.15am on Thursday, followed by a House committee on…

A peak industry body has warned it is “plausible” that Australia could be hit by a “severe recession” in the years ahead as the economic pain facing the country escalates.A new report by the Actuaries Institute, the country’s peak actuarial…

Desperate homeowners slammed by seven consecutive rate rises are being forced to sell up with the number of distressed listings nationwide jumping by more than 15 per cent since May, new research has shown.Interest rates have risen from a…

About $29.8bn worth of fixed rate mortgages will expire by the end of the year, which will mean an extra $641 in monthly repayments for homeowners by Christmas, as the Reserve Bank of Australia looks set to deliver even more bad news.The…

About $29.8bn worth of fixed rate mortgages will expire by the end of the year, which will mean an extra $641 in monthly repayments for homeowners by Christmas, as the Reserve Bank of Australia looks set to deliver even more bad news.The…